SpaceShipOne will go to Smithsonian

The Smithsonian Air and Space Museum will be the new home to the first privately-built spacecraft, according to a report in the Washington Post.

Paul Allen, the co-founder of Microsoft who invested $20 million to build the spacecraft, and its builder, Burt Rutan, said SpaceShipOne will be donated to the Smithsonian Institution in Washington, DC.

Last year, SpaceShipOne became the first privately-built spacecraft to fly into space.

The announcement was made Wednesday as Allen and Rutan were awarded the National Air and Space Museum Trophy for achievements in aerospace.